Improving the fairness of decisions on executive appointments and compensation by the Nomination and Compensation Committee

「During the fiscal year, the Company considered the skills required of directors, the appropriateness of executive compensation and a new executive compensation system.」

「The Company established the voluntary advisory Nomination and Compensation Committee on 29 June 2023. Going forward, when the Board of Directors makes decisions regarding the appointment and dismissal and compensation of directors with titles, directors and executive officers, as well as related basic policies, the committee will deliberate on these matters and submit recommendations to the Board. Through this process, the Company aims to enhance the fairness and transparency of the Board's decisions and procedures, strengthen oversight by the Board and reinforce corporate governance.」